Livestock Monitoring Market To Be Worth $3.6 Billion By 2030

The global livestock monitoring market is projected to reach $3.6 billion by 2030, at a CAGR of 12.1% from 2023 to 2030. The market is driven by the increasing adoption of livestock monitoring for early disease detection and the rising number of dairy, poultry and swine farms. The market is segmented by offering, animal type, deployment mode, application, technology, and geography. Factors such as the high cost of livestock monitoring solutions and the lack of understanding of technology among farmers can restrain market growth.